Ex-Regulator and BitLicense Creator Helps Blockchain Firms After All
Posted: Wed Apr 13, 2016 9:03 am
The new private office of the formally most active bitcoin regulator in America, Benjamin Lawsky, is now working for Axoni – a firm creating blockchain solutions for the big banks. The Lawsky Group was the press contact for Axoni when it announced the completion of its distributed ledger test with Bank of America Merrill Lynch, Citi, Credit Suisse and J.P. Morgan last week.
The former superintendent of the New York Department of Financial Services (NYDFS) faced criticism when he departed NYDFS last June. Some had alleged that Lawsky built for himself a “revolving door” in first creating the BitLicense regulations, which govern how virtual currency ... (read more)